LPU reasoning engine receives funding recognition! Groq, directly challenging NVIDIA, sees a significant increase in valuation, nearly doubling in one year.

Financial channel APP learned that Groq, a startup company focusing on AI chips, confirmed on Wednesday local time that the startup company is valued at approximately $6.9 billion after a new round of financing, raising $750 million in the new round of financing. The company is one of the biggest competitors to "AI chip overlord" Nvidia (NVDA.US), and in terms of market size in the AI chip field, it may be second only to American chip giants Broadcom and AMD.